Innodata (INOD) shares nearly doubled on May 8 after the data engineering company delivered a “triple-threat” Q1 that obliterated Wall Street expectations. Revenue rocketed 54% year-over-year to $90.1 million, comfortably exceeding the $76.5 million consensus estimate. On the bottom line, diluted EPS hit $0.42, nearly doubling the $0.23 forecast. This explosive growth prompted management to… Continue reading Innodata stock: why it may fail to sustain its post-earnings gains
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Why Microsoft stock is underperforming the broader market today
Shares of Microsoft (MSFT) slipped in early trading on Friday, underperforming both the broader market and major technology peers. Microsoft stock fell around 1% even as other large-cap technology companies rallied strongly. Nvidia and Tesla rose roughly 3%, while AMD surged nearly 7%. The broader market also moved higher. The S&P 500 advanced about 0.6%,… Continue reading Why Microsoft stock is underperforming the broader market today
Tesla stock rises another 3%: what’s fueling the recent rally?
Shares of Tesla climbed sharply on Friday, rising more than 3% as improving investor sentiment lifted growth stocks following stronger-than-expected US jobs data and optimism around developments in the Middle East. The rally came alongside broader market gains. The S&P 500 advanced about 0.6%, while the Nasdaq Composite rose 1.1%. Market sentiment was supported after… Continue reading Tesla stock rises another 3%: what’s fueling the recent rally?
Nvidia stock hits new all-time high: should you buy or take profits?
Nvidia stock (NASDAQ: NVDA) climbed again on Friday, extending a rally that has already pushed the stock to a fresh all-time high. NVDA touched fresh record territory between roughly $216.8 and $217.7 intraday on Friday before easing back toward the $215.80 level. The latest rally has reignited a familiar debate that follows every big leg… Continue reading Nvidia stock hits new all-time high: should you buy or take profits?
AMD stock rockets 7% on Friday: analysts see more upside ahead
Shares of Advanced Micro Devices (AMD) surged sharply on Friday, rebounding from losses in the previous session. At the time of writing, the stock was up around 7% to trade at $436. Investor sentiment improved following stronger-than-expected US jobs data and continued enthusiasm around the chipmaker’s artificial intelligence outlook. AMD shares extended their recent rally… Continue reading AMD stock rockets 7% on Friday: analysts see more upside ahead
Here’s why Tilray Brands stock has crashed after cannabis reclassification
Tilray Brands stock price crashed to its lowest level since August last year despite the recent US policy change that opened the door to its expansion in the country. TLRY dropped to $5.6, much lower than the year-to-date high of nearly $10. This article explores some of the top reasons why the stock has plunged.… Continue reading Here’s why Tilray Brands stock has crashed after cannabis reclassification
Dow jumps 200 points after strong payrolls data eases slowdown fears
US equities advanced on Friday after a stronger-than-expected April jobs report reinforced confidence in the resilience of the labor market. The Dow Jones Industrial Average rose 208 points, or 0.4%, while the S&P 500 gained about 0.5% and the Nasdaq Composite advanced roughly 0.6%. Investors entered Friday’s session weighing a stronger-than-expected April payrolls report against… Continue reading Dow jumps 200 points after strong payrolls data eases slowdown fears
Plug Power stock just flashed a warning sign: May 11 will be key
Plug Power stock price has recoiled in the past few days, moving from the year-to-date high of $3.45 to the current $3.13. This pullback has ended a relatively strong rally that pushed it from a low of $1.73 to the year-to-date high of $3.42. Plug Power to publish its earnings on May 11 Plug Power,… Continue reading Plug Power stock just flashed a warning sign: May 11 will be key
Forget TACO: Wall Street bets on ‘NACHO’ as Hormuz peace hopes vanish
Wall Street traders are embracing a new market catchphrase as investors increasingly lose confidence that tensions in the Strait of Hormuz will ease in the near future. The latest acronym making the rounds on trading desks is “NACHO” — short for “Not A Chance Hormuz Opens” — a term that reflects growing doubts that repeated… Continue reading Forget TACO: Wall Street bets on ‘NACHO’ as Hormuz peace hopes vanish